Managing Talent in China

With China’s sustained economic development, deepening reform, growing internationalization brought about by the open-door policy, large-scale urbanization in rural areas, industry transformation from low-end manufacturing to high-end technology-intensive innovation, upscaling of services based on consumer experience, and digitization of modern-day work and living, the management of talent in China has become ever more lucrative, complex, and challenging. In light of this, rising labor costs, increases in liquidity (turnover rate), shortages in high-end talent, and lack of foundation and career-based skill education, as well as the outdated mindset of career identity and industry development, have become the weaknesses of economic development. Now more than ever, Chinese talent is in need of scientific research and guidelines.